What Is The Cardano Price Potential

Paul Barron Gives Some Great Advice On Cardano Price Prediction

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Cardano July Price Prediction | ADA +20% Gains? 📈

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Cardano’s ADA has leapfrogged Bitcoin to become the most held in the second quarter of 2021 on eToro, seeing a 51 per cent increase on the previous quarter. Also, Grayscale Investments added ADA, the native token of the Cardano blockchain, to its Digital Large Cap Fund. The addition comes as part of Grayscale’s quarterly rebalancing of the fund. In April, Grayscale added Chainlink’s LINK token. Cardano is a proof-of-stake blockchain that aims to surpass the scalability and efficiency of Ethereum. #ADA #Cardano #Cryptocurrency ~Cardano July Price Prediction | ADA +20% Gains? 📈~ ⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺ Subscribe on YouTube ✅ https://bit.ly/PBNYoutubeSubscribe Facebook 📱 https://bit.ly/PBNfacebook Twitter 📱 http://bit.ly/PBNtwitter Get Our FREE Breakthrough Business Consultation now!➜ http://bit.ly/PBNbusiness Have me speak at your event! ➜ http://bit.ly/PBNbusiness Get 1,000 miles of free Supercharging with the purchase of a new Tesla car ⚡ http://bit.ly/PBNtesla ─────────────────────────── Want to start your own virtual event or education series? Try our pro-level virtual event services 🎓 🎬 http://bit.ly/ReverVirtual​​​ Want your own custom podcast? Jump in to the growth in podcasting to reach new and existing customers 🎙️ http://bit.ly/ReverPodcasts

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108 Comments
Claire miller
I watch a lot of YouTube videos and see a lot of traders earning massively and then I start to wonder what I could possibly be doing wrong because I’ve been trading for a couple of months and every trading attempt seems to be red, never have I seen a green day. It is really frustrating seeing loses without any profit. So, I decided to work a bit more on myself and then opened a demo account, do my analysis, then take the opposite of what I would normally take and get the same result. I’m starting to feel hopeless, any advice for a struggling trader?
 
Michael J Love
Charles Hoskinson had an update on gougen yesterday, a lot of great information!
 
SKINZ DEEP
Great show. With regards to ADA I think it’s just timing ⏱What Is The Cardano Price Potential

What Is The Cardano Price PotentialWhat Is The Cardano Price Potential

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TRANSCRIPT

 
all right so is cardano
00:08
in trouble or is this an evil plan of
00:11
charles hoskinson to take over the defy
00:13
world
00:14
today we’re going to find out let’s dive
00:15
into it my name is paul baron welcome
00:17
back to techpath
00:18
let’s go into a little about where
00:20
cardano is
00:21
today first of all let’s just take a
00:23
quick look over here at of course
00:25
coin market cap we’ll take a look at
00:28
where cardano
00:29
is floating at 142 and a lot of people
00:32
are speculating that this
00:33
might be uh a kind of a calm before the
00:36
storm and the storm could go either
00:38
up or down i know that’s not really a
00:40
prediction but we’re going to dive into
00:42
why this might be happening but if you
00:44
look at the three-month trend
00:46
obviously back here in mid-may all of
00:48
our fall off and this kind of this flat
00:50
movement
00:51
other than this light move toward
00:55
where we’re trading at right now in the
00:56
mid 140s
00:58
is kind of interesting so it’s going to
00:59
be one of those things that i think a
01:01
lot of people are looking at here’s the
01:03
thing i look at
01:05
is when founders and also
01:08
project leads start to do a lot more
01:10
media
01:11
it does get into kind of an overview of
01:14
whether or not
01:15
what is it that they’re either trying to
01:17
say or trying to
01:19
hide anyway so let’s jump to a couple of
01:22
things i want to also kind of support
01:24
what the sentiment data has been so
01:26
let’s jump over to trade the chain real
01:27
quick and kind of see where this seven
01:29
day
01:30
is what you’ll notice here is nothing
01:33
special
01:34
this is a little bit both concerning
01:38
but if you’re looking at cardano on a
01:40
long-term hold this might be exactly
01:42
where you want it to be but a little bit
01:43
on the negative side in terms of overall
01:45
sentiment
01:46
and of course pricing somewhat flat over
01:49
the last week
01:50
in terms of where it’s gone now when you
01:52
look at that and compare it to what’s
01:54
been
01:54
in the news you wonder why is cardano
01:58
not
01:58
just exploding right now with both all
02:01
the news from
02:02
alonzo potentially rolling out this
02:04
summer
02:05
to etoro basically saying this right
02:08
here which is
02:10
etoro’s kind of whole move where cardano
02:13
has leap
02:13
frogged bitcoin as the most held
02:16
cryptocurrency look at the
02:18
holdings right here uh which is kind of
02:20
interesting cardano’s a
02:21
d a as leapfrog bitcoin should become
02:23
the most held
02:24
in 2021 this is q2 51 increase on the
02:28
previous quarter
02:29
which is huge uh over bitcoin which led
02:32
the crypto asset bull run at the start
02:34
of the year reminder
02:35
this also remained a popular at 42
02:38
increase in demand however it was
02:39
eclipsed by
02:40
cardano and slipped from first to second
02:43
place so for
02:44
bitcoin to essentially get kind of
02:47
slotted down
02:48
on the etoro platform that tells me one
02:50
that there’s
02:52
a lot of people that are really looking
02:53
at cardano to make a move so is this an
02:55
early precursor to potentially where
02:59
cardano could be going
03:00
i want to also look over here at
03:02
grayscale this was the article over here
03:04
by coin telegraph
03:06
graysdell grayscale adds cardano to
03:09
their digital large cap
03:10
fund after their rebalancing let me kind
03:13
of point this out right here
03:14
obviously you can kind of see they’ve
03:16
added it to the the large cap fund
03:18
uh reflecting growing demand for crypto
03:20
investments pretty clear
03:22
but as of july 1st 2021 each share
03:25
of their gdlc basket is comprised of 67
03:30
bitcoin basically 25 ether and almost
03:33
five percent
03:34
cardano right there so and of course the
03:37
remaining is a mix of uh bitcoin cash
03:40
litecoin and chain link so you can kind
03:42
of see
03:43
and of course when you look at the the
03:45
overall coin market cap
03:46
cardano is right there in the top five
03:49
in in all cases
03:51
and the scenario doesn’t surprise me
03:52
that we’ve seen this kind of move both
03:54
from grayscale and
03:55
also from and seeing the retail investor
03:59
traffic over on etoro so that that is
04:02
all
04:02
in good and well for cardeno and i think
04:05
that’s the the point that everybody’s
04:06
looking to
04:07
you get a lot of subtle movements in the
04:10
market that are causing people to say
04:12
okay what’s going up with cadano
04:13
and of course cardano is in a position
04:16
right now where they’re going to roll
04:17
out the alonzo
04:19
project advancement this summer now
04:23
here’s the point abm crypto reports
04:26
basically as alonzo white can sue go
04:28
live on testnet
04:29
but here are the problems and this is
04:32
kind of where it starts breaking down
04:34
right now at this stage we don’t have
04:36
the core support mechanisms so
04:38
plutus which is their back end is not in
04:40
place
04:41
obviously you need that uh to be able
04:43
just to move forward
04:45
and if you look at uh it can be as
04:47
simple as a transaction in the returns
04:49
hello world to our confirmation of
04:50
payment that has been made this means we
04:53
have alonzo running on a smart contract
04:55
not happening not yet and then here is
04:58
the other one
04:59
as we move into white we’ll do it in
05:02
steps so this
05:03
tells me that we’re as a team if i was
05:06
looking at development team and
05:07
and i’ve worked in this area before in
05:10
software development project development
05:11
in advanced systems like this and a lot
05:14
of times what you do
05:15
is try to do these micro steps to be
05:18
able to get to the next phase and a lot
05:19
of cases you’re
05:20
you’re kind of leveraging out basically
05:24
things you
05:24
either the development team don’t have
05:26
an answer for so you get to where you
05:28
can
05:29
and try to move the project forward and
05:31
i think that might be where cardano is
05:33
right now because we’re not necessarily
05:35
getting a full disclosure and granted
05:38
you know not that charles is going to go
05:39
out and say hey this is a full
05:41
disclosure on
05:42
on what we’re doing and where it’s going
05:44
but when i look at things like what he
05:46
did on the lex podcast
05:48
where he’s won doing the interview and
05:50
not that that’s a bad thing
05:51
but when you look at a lot of these
05:53
founders and a lot of these
05:54
uh people who are out there in the media
05:57
there’s usually as i said there’s
05:58
usually a bit of agenda now this was a
05:59
five-hour interview now one thing i did
06:01
pull out of the interview and i think
06:02
this is something that you guys
06:04
will really like here on the channel is
06:07
mainly so you can understand
06:09
the proof of work and the proof of stake
06:12
argument
06:12
and why it exists and why charles is the
06:15
way he is
06:16
around proof of stake i want to jump to
06:18
a clip from the lex friedman podcast
06:21
that really gives you a good
06:23
understanding this is a little bit of a
06:25
longer clip
06:26
but we’ll be right back you guys can
06:27
check this clip out and then i’m going
06:29
to give you some price predictions
06:30
and where i think cardano’s going to be
06:31
going let’s cut to that
06:33
okay so they all have the same three
06:35
properties of pick someone in charge do
06:37
something and validate it the difference
06:39
is that the picking mechanism for proof
06:41
of work is
06:42
you have to solve a puzzle so it’s
06:44
basically like buying lottery tickets
06:45
and you can buy a certain amount every
06:48
second with your computing devices
06:50
and some of them are asic resistance you
06:52
run them on like a laptop or a gpu
06:54
and some of them are you specialized
06:56
hardware that you have to either
06:57
manufacture
06:58
or buy from someone who sells it to you
07:00
and that’s just how many tickets
07:02
per second you can get and eventually
07:03
you hit those magic numbers when you do
07:06
it means you have the right to make the
07:08
block and generally you bundle the block
07:10
making with the proof-of-work system
07:12
now you can do this looking for a single
07:15
or you can do this to actually shard it
07:16
and look for multiple block makers at
07:18
the same time
07:19
so there are sharded proof of work
07:20
protocols like prism is an example of
07:22
that
07:23
and actually ethereum got started this
07:25
way with spectre and
07:27
ghost and phantom the obvi avi zahar’s
07:29
work and yonatan son lipinski
07:31
but the basic idea is you pick some
07:33
collection of people they make some
07:35
collection of things and there’s some
07:36
way to sort it all out serialize it and
07:37
prevent double spends
07:39
great proof of stake is the same but
07:42
it’s a synthetic resource
07:43
so instead of doing things they say well
07:45
if you had 25
07:46
of the hash power on average over a long
07:48
period of time you’d probably win 25
07:50
of the time well why don’t we just
07:52
introduce some randomness in
07:54
from some source and then 25 percent of
07:56
the time on average over a long period
07:57
of time you’ll win
07:59
so it’s a synthetic resource but you
08:01
still have to do the other two things
08:02
you still have to make the block and you
08:04
still have to validate the block
08:06
the big difference is this step in the
08:08
proof of work world is horrendously
08:10
expensive
08:10
you use more energy than the nation of
08:12
switzerland and the problem with that is
08:14
that you have less resources for the
08:16
other two
08:17
and the other problem with that is that
08:18
if this is horrendously expensive you
08:20
have an economy of scale
08:21
kitkat so what ends up happening is the
08:23
system becomes less decentralized over
08:26
time because you have these vertically
08:27
integrated operations
08:29
i mean not everybody can go build a
08:30
mining facility on a volcano in el
08:32
salvador
08:33
not everybody can go to mongolia and set
08:35
up a five gigawatt power plant and a
08:37
huge data thing
08:38
not everybody has access to the patented
08:40
asics that people produce
08:42
because what if i don’t sell it to you
08:43
and i have the patent on it or what if i
08:45
control the supply chain for these
08:46
things
08:47
so you’ll end up having centralization
08:49
around maybe ten or
08:51
five major operations as we’ve seen
08:53
historically with proof of work
08:55
and that means you end up having a
08:58
ruling class of a mining oligarchy in
09:00
the system
09:01
proof of stake if you design the
09:03
parameters correctly you
09:05
actually get more decentralized over
09:06
time because as the currency goes up in
09:08
value
09:09
the distribution of the currency tends
09:11
to get
09:12
more more egalitarian as for example
09:15
bill gates when he started
09:17
microsoft he had 64 of the shares now he
09:20
has less than five percent of the shares
09:22
so this founder drift over time as the
09:24
value goes up divestment occurs
09:26
you have more and more and more people
09:28
coming in that means there’s more people
09:29
who can participate in the consensus
09:31
you can even tune economic parameters
09:33
and this is what we did with
09:34
cardano and orabora’s we we created this
09:37
concept of
09:37
k in the system and it’s just a
09:39
parameter and it’s it’s like a forcing
09:41
factor that tends to
09:42
accumulate a certain amount of stake
09:44
pools so you can set it to 200 and 500
09:46
and a thousand and so forth
09:48
but the basic idea is as the price of
09:50
eta goes up
09:51
you make k larger and then you end up in
09:54
practical terms having a larger and
09:56
larger
09:56
set of actors making blocks that are
09:59
unique and distinct
10:00
and the other good thing is this is a
10:02
virtual resource instead of a physical
10:04
resource
10:05
which means it’s portable by a click of
10:07
a button so let’s say china says mining
10:09
is bad we’re going to shut it all down
10:11
it looks like they’re moving in that
10:12
direction
10:13
you have all these people in wechat just
10:14
like trying to sell miners or trying to
10:16
figure out how the hell do i move miners
10:18
you know
10:18
because they have these huge data
10:20
centers they’ve constructed you can’t
10:21
exactly go and grab a server and like
10:23
take it with you it’s huge
10:24
it’s a lot of work and if the government
10:26
sees it well it’s their property now
10:28
a virtual resource you can click a
10:29
button and redeploy it to
10:31
a different jurisdiction so to me for a
10:34
virtual asset
10:35
it makes a lot more sense to try to tie
10:37
your security to something endogenous
10:39
something within the system
10:41
because it’s it’s just like the asset it
10:43
can move anywhere at a click of a button
10:45
and human beings have a much harder time
10:47
attacking something like that
10:50
all right so what you see there with
10:51
charles is he’s really laying out
10:54
the proof of stake model and why it is
10:57
one that i think is going to put cardano
11:01
way ahead in the industry around where
11:04
this is going and why
11:06
blockchain in general will be able to
11:08
connect so many dots out there
11:10
for a variety of industries a variety of
11:12
technology needs a variety of use
11:14
cases all those kind of things are going
11:15
to play into this so the question is
11:17
going to be
11:18
here and that is how does cardano
11:21
and you’re watching the show you’re
11:22
obviously an investor just as a reminder
11:24
when we do these market movers
11:26
they’re a little different okay we
11:28
compile all this stuff together for you
11:30
the main thing is we layer in both
11:33
research and
11:34
um obviously things like this where we
11:36
dive into these
11:38
ridiculously long podcasts but the key
11:41
thing here is it’s not investment advice
11:42
the key thing is it’s giving you
11:44
hopefully an idea of where you want to
11:48
take your research and how you’re going
11:49
to be moving forward with your research
11:51
so i want to jump over to this next
11:52
story
11:54
and this is the one that i think is
11:56
interesting around
11:57
where cardano could be uh before
12:01
it maybe moves up the scale in terms of
12:05
its next price position
12:06
so this basically is talking about we
12:08
may see a pullback
12:10
the main thing here is the price has
12:12
been on a 43 uptrend since bottoming out
12:14
in june
12:15
uh 22nd uh ada is
12:18
stuck consolidating as it tries to scale
12:21
higher which
12:22
uh is indicating a little bit of
12:23
weakness and investors can expect about
12:26
a seven percent
12:27
retrace before a 22 percent uptrend to
12:30
161
12:31
uh in the kickstarts this is kind of
12:33
where some of the analysts are showing
12:35
this uptrend
12:36
of moving but when you look at both the
12:38
uptrend this was the
12:39
cardano price currently setting the
12:40
second lower high since july 4th
12:43
this move indicates the 16 upswing since
12:46
july 2nd which was slowing down
12:48
therefore investors need to be open to
12:49
the possibility
12:51
of a pullback that’s kind of my position
12:54
right now with cardano i feel like we’re
12:56
probably going to see
12:57
and there’s some reasons for this and
12:59
i’ll show you this here on our trading
13:00
view chart
13:01
i think we’re going to see a little bit
13:03
of a pullback based on what we’re seeing
13:05
around
13:06
just the sentiment and amplification
13:08
numbers i want to jump over to the chart
13:11
and essentially kind of show you where
13:14
sentiment had been rolling
13:15
and where potentially this could fall so
13:18
right now
13:19
what we looked at was this high point
13:21
right here which came in at around 1.62
13:25
that’s the point that we think a lot of
13:26
people uh believe cardona is going to
13:28
get back to in a very short period of
13:30
time
13:31
the fall off down of course for those of
13:32
you who got a chance to buy cardano at a
13:34
dollar there were there it was
13:36
the sentiment actually though held
13:38
pretty strong at 53.29
13:40
and amplification still fairly strong at
13:43
50.17
13:45
these are high numbers compared to some
13:47
of the projects that we’ve seen and done
13:49
here on the show
13:50
then we retested the sentiment analysis
13:53
right here on this small little drop
13:55
which started around
13:56
june 24th and moved over here to
14:00
what was around june 26th so about two
14:03
days
14:04
a little sentiment uh click right there
14:06
and during this and again remember you
14:08
had this upswing right here
14:09
in price but in this particular range we
14:12
had sentiment holding at 60.51 and
14:15
amplification
14:16
moving up significantly to 58.93 so
14:19
that’s essentially what we’ve mapped out
14:21
here
14:22
in our drawing and this shows
14:24
amplification overlaid into where the
14:26
price is ranging right now so it’s
14:28
actually a little bit
14:29
lower which goes back to my point on
14:32
trade the chain i want to jump back to
14:34
that real quickly
14:35
trade the chain is still showing low
14:37
sentiment in the last seven days
14:39
same kind of scenario that we’re seeing
14:41
right here
14:42
in terms of a little bit lower sentiment
14:44
so what we’re seeing here is price
14:46
action that’s
14:47
outside the realm of where amplification
14:51
is going amplification to just explain
14:53
that
14:54
is uh much like any other kind of of uh
14:57
social application that utilizes
15:01
you know the whole purpose that you see
15:03
where this guy tells somebody somebody
15:05
something this guy tells somebody
15:06
something
15:07
and we look at the credibility of those
15:08
who are sharing that information same
15:10
thing works in the stock world so
15:12
what we’re looking at is conversations
15:14
that match up to those keyword
15:16
use cases for cardano alonso and
15:19
about 100 other keywords that’ll line up
15:21
with that particular
15:22
project and then measuring sentiment and
15:25
what its
15:26
potential forecasted amplification could
15:29
be so
15:30
when you look back here there is a zone
15:32
where amplification starts to widen up
15:34
and anytime we see this right here what
15:36
that tells me is that amplification is
15:39
in
15:40
play when it’s really tight like this it
15:43
usually is just a little bit of action
15:45
uh but what you start to look at is the
15:48
credibility of the number of people who
15:49
are going and talking about cardano
15:51
and then what we think is going to
15:53
happen this is again
15:55
right around the july 6 point so and
15:57
here’s july 7th
15:58
which is where we’re trading right now
16:00
price action this is what
16:01
they’re talking about right here the 128
16:03
to 140
16:05
is where i think this could fall and
16:07
this goes back to the story
16:09
that we just did on fx street which is
16:12
uh where the retracement could be
16:14
dropping in before we see
16:16
the actual alignment of this going back
16:19
up
16:19
now here’s the potential so right now if
16:22
you’re buying cardano
16:23
you’re probably in a good position if
16:26
you’re looking to go sideways or
16:27
down that’s where i think we’re going to
16:29
be heading right here
16:31
in a short period of time but right here
16:33
is an opportunity
16:35
this right here if amplification stays
16:37
at current pace
16:39
this is where it could go with some key
16:43
potential people that are really moving
16:45
kind of moving the awareness of the
16:47
projects and i think the other thing
16:48
that will play into this
16:50
is if lex or excuse me if uh charles
16:53
gets on
16:54
these other podcasts you know i mean
16:56
there’s rumor out there with joe rogan
16:58
there’s
16:58
all these kinds of things that a lot of
17:00
times are just that just
17:02
rumor that can help move these things
17:04
but i think we have to go back to the
17:06
basis of what cardano is really trying
17:08
to do and that is
17:09
you got to get alonzo out you have to be
17:11
able to get the project moving
17:13
and it’s got to be happening quickly in
17:15
a sense so that you can maintain
17:17
the steam for the project and get it
17:19
moving into the fall months and
17:21
hopefully see these kind of new moves so
17:22
we could see
17:23
a dollar eighty one high price which i
17:26
anticipate somewhere around july 22nd
17:29
providing that we continue to see the
17:32
amplification layer
17:34
holding for cardano amplification is
17:37
going to change
17:38
just like sentiment by the hour
17:41
by the day and also with key things so
17:44
the more that charles is out there
17:46
really
17:47
propping the program and the project and
17:49
or
17:50
we get major news on where this project
17:54
is going that’s how you’re going to see
17:55
the token move and this is kind of the
17:57
scenario across
17:58
all of cryptocurrency this is the model
18:01
that is working
18:02
uh i know a lot of people are looking at
18:04
uh you know chain level data which is
18:06
great for in some cases it helps
18:09
identify where accumulation is occurring
18:12
we’re also seeing
18:13
a lot of sentiment analysis and then
18:15
amplification which is something we’re
18:17
bringing to the plates is a little bit
18:18
different
18:19
and i think that’s the the
18:20
characteristic that you have to be
18:22
watching at is some of these things
18:23
are starting to prove out showing where
18:26
this stuff is happening
18:28
always the scenario is if somebody or
18:31
something starts to
18:32
impede for instance the elon scenario
18:35
when elon gets involved because of his
18:38
amplification
18:39
or his potential to amplify something
18:41
just like joe rogan
18:42
if he were to get involved on cardano
18:44
and that interview goes bad
18:47
listen that’s exactly the kind of thing
18:49
so you have to be cautious
18:51
as a lead on how those projects can go
18:54
especially on these deep diver
18:56
interviews like with lex and of course
18:58
the lex
18:59
you know interview was not a bad
19:01
interview it was a great interview it
19:02
was just five hours long and there was
19:03
so much to cover
19:04
but the point is is that it could go
19:06
either way and that’s the thing you have
19:08
to be cautious about and
19:10
conscious about in terms of your
19:12
investment strategy so as a reminder
19:13
again this is not investment advice
19:15
but it is investment opinion and of
19:17
course we put a lot of work into both
19:20
data
19:20
and research into a lot of these things
19:22
to hopefully give you guys something to
19:23
work with if you’re over on the podcast
19:25
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19:57
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19:59
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20:08
you